I like the company and it has strong fundamentals and a good track record. It's the uncertainty regarding Toliara that's holding it back. I've been inc and out of this stock. Tempted to have a little nibble again at this price.
Regal selling down their large holding causing the steady price drop. Are they balancing the books or do they know something about Toliara that we don't? AGM tomorrow.
I see this now as a decent gamble. If Toliara is agreed I reckon it'll be a ten bagger or more within 5 years. If it fails maybe a 50% loss. May the odds always be in your favour.
Not sure where he's got his dividend figures from, presuming the final is increased the same as the interim I get it to around 8.7%, sill not bad though.